Menu
MYOB buys into online POS startup

MYOB buys into online POS startup

Accounting software giant nabs a minority stake and partners for software integration

Accounting software vendor, MYOB, has invested in a minority stake in point of sale (POS) start-up, Kounta.

Neither party disclosed the value of the agreement. Whether the buy-in will lead to a future takeover is unknown, with MYOB declining to confirm or deny the matter.

MYOB has also partnered with Kounta to develop integrated software which will see the latter's multi-platform software (including iOS and Android-based tablets, Mac OS and Windows) integrate with former's Essentials and AccountRight products.

MYOB will also sell a standalone Kounta product, named MYOB Kounta.

The integrated software offerings are scheduled to hit the market later this year.

MYOB said it entered into the agreement to cement its position in the retail POS, mobile payments, and e-commerce markets, while Kounta is expected to boost its small to medium enterprise (SME) play.

"The MYOB-Kounta partnership is integral to our vision of making Cloud accounting easy for every business," MYOB connected services general manager, Andrew Birch, said.

"The partnership also reinforces MYOB's continued commitment to servicing the Australian and New Zealand (A/NZ) SME market."

Kounta's partnership with MYOB adds to existing collaborations with the likes of PayPal, Tyro, Collect Rewards, Swarm, and Deputy, among others. Its client base of more than 1000 includes Sonoma Baking Co, Gelato Messina, Mecca, and Luxe.

Read more: Intelligent Retail brings multi-channel to smaller retailers

Follow Us

Join the newsletter!

Error: Please check your email address.

Tags posKountavendorsoftwarestart-uppoint of saleinvestmentretailMYOBpartnershipCloudaccounting

Featured

Slideshows

Sizing up the NZ security spectrum - Where's the channel sweet spot?

Sizing up the NZ security spectrum - Where's the channel sweet spot?

From new extortion schemes, outside threats and rising cyber attacks, the art of securing the enterprise has seldom been so complex or challenging. With distance no longer a viable defence, Kiwi businesses are fighting to stay ahead of the security curve. In total, 28 per cent of local businesses faced a cyber attack last year, with the number in New Zealand set to rise in 2017. Yet amidst the sensationalism, media headlines and ongoing high profile breaches, confusion floods the channel, as partners seek strategic methods to combat rising sophistication from attackers. In sizing up the security spectrum, this Reseller News roundtable - in association with F5 Networks, Kaspersky Lab, Tech Data, Sophos and SonicWall - assessed where the channel sweet spot is within the New Zealand channel. Photos by Maria Stefina.

Sizing up the NZ security spectrum - Where's the channel sweet spot?
Show Comments